A nice clip from Felix Salmon, citing this Bryan Burroughs article from the new issue of Vanity Fair (and I must say, that while I don't often read VF, their recent piece of Bernard Madoff was also quite excellent). The Key graph from the Burrough's piece, as it comes to Stanford and Kroll:

...says the former F.B.I. agent Burrough spoke with. "Kroll was essentially running a propaganda campaign in defense of Stanford's good name. They beat on me many times: 'Hey, you got this guy all wrong, he’s not a money launderer, he's a great guy, leave him alone.'

According to Burroughs, the Stanford account was worth millions to Kroll over the years. Allen Stanford was arrested and indicted earlier this month after a lengthy public preamble as well as several close calls from regulators over the years. He is currently in Federal custody.

-- MDT

Labels: Kroll, R. Allen Stanford